Popular Annual Financial Report (PAFR)
We are pleased to announce the creation of a new financial document related to the Village, the Popular Annual Financial Report (PAFR). This report is a significant condensation of the information found in our annual audit; it serves to provide an overview of the Village’s general financial position, major revenues, and other financial accomplishments. This document has been submitted to the Government Finance Officers Association (GFOA) for consideration of an annual award for PAFR excellence; if we receive an award for the PAFR, we will receive an additional recognition from GFOA called the “Triple Crown”, which is only given to communities who receive awards of distinction for their budget, audit, and PAFR in a single year. We would be the 13th community in Illinois to obtain “Triple Crown” status if it were awarded, a terrific milestone!
The PAFR is available on our Administration & Finance page as well as under our Financial Reporting section in the Transparency links on the website.